This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $78,981 initial cash invested.
-14.31%
Cash On Cash
3.67%
Cap Rate
0.59
DSCR
$2,546
Rent
-$942
Cashflow
Cash Flow
$2,546 income − $3,488 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,981
Downpayment
20%
$75,220
Closing costs
1%
$3,761
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,546
Total Expenses
$3,488
Mortgage P&I
77%
$1,966
Property Taxes
29%
$727
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0